IDS-2 and raids to uncover black money stash keep receipts flowing, report Arup Roychoudhury and Sanjeeb Mukherjee.Illustration: Dominic Xavier/Rediff.com Even as the cash crunch following demonetisation hit advance tax collections for the quarter ending December, economists say the fiscal deficit target of 3.5% of gross domestic product (GDP) for this financial year (FY17) is not a difficult one. Economists believe the Pradhan Mantri Garib Kalyan Yojana or the income declaration scheme-2 ... Rediff.com, 2 months ago
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar. A 25 basis point rise in interest rates by the US Federal Reserve might accentuate economic challenges for India in the coming quarters, in addition to the persistent uncertainty on account of demonetisation of high denomination currency, feel economists. A key finance ministry official said indications by the Fed about three rate hikes in 2017 could exert pressure on the Indian economy, though the ...Rediff.com, 2 months ago
Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency, reports Dilasha Seth/Business Standard The gross domestic product (GDP) growth accelerated slightly in the July-September quarter, compared to the growth recorded in the previous quarter, but economists and policy planners said growth will suffer a setback in the second half of the year because of the impact of demonetisation. This also ...Rediff.com, 2 months ago
on your WebpageAdd Widget >Get your members hooked!